No announcement has been made on the extension of the Community Housing Fund in the Spring Budget 2020.
The Chancellor, Rishi Sunak, confirmed the government's commitment to creating at least 1 million new homes by the end of this Parliament which is an average of 300,000 homes a year by the mid-2020s.
With few housing-related announcements in the speech, it is expected that further decisions will be made through the Comprehensive Spending Review which will conclude in July.
Read the full Budget here.
Catherine Harrington, Co-CE of the National CLT Network, responds to the Budget:
“The lack of an extension to the Community Housing Fund in the 2020 Spring Budget is hugely disappointing. Deciding to close the Fund now, after only being open for 18 months, means that close to 900 community led housing projects amounting to over 23,000 homes are now in jeopardy.
“These plans are more than blueprints. For many, these projects represent years of dedication and happier and more secure futures.
“In its election manifesto, the Conservative Party committed to supporting community led housing. It has not delivered on this commitment. We will continue to campaign, alongside our members, for the Community Housing Fund to be renewed for five years through the Comprehensive Spending Review and in the meantime, ensure the sector’s market infrastructure programme is continued.”